HIGHLIGHTED NEWS
During an official visit to the Czech Republic from January 18 to 20, Prime Minister Pham Minh Chinh and Czech Prime Minister Petr Fiala agreed to upgrade Vietnam-Czech relations to a strategic partnership. In trade and investment, the Czech Republic ranks as Vietnam's 10th largest trade partner and 13th largest investor within the European Union. Bilateral trade has shown consistent double-digit growth, with total trade volume reaching $2.05 billion in 2024, up 80.4% from 2023. This accounted for 2.9% of Vietnam's trade with the EU. Vietnam's exports to the Czech Republic totaled $1.8 billion, an 89.8% increase, with key products including agricultural goods, footwear, and textiles. Imports from the Czech Republic stood at $229 million, rising 30%. As of December 2024, the Czech Republic had 41 investment projects in Vietnam, with total registered capital exceeding $90 million, primarily in manufacturing, processing, and mining. Notable projects include the Mong Duong 2 Thermal Power Plant and the Skoda automobile factory in Quang Ninh. Prime Minister Pham Minh Chinh expressed optimism for strategic breakthroughs in investment, targeting $3 billion in investments and $5 billion in bilateral trade by 2030.
TRADING STRATEGY
The stock market declined to 1,246 points, with improved trading volume compared to the previous session. Cash flow weakened slightly, and selling pressure emerged in sectors such as construction materials, F&B, industrial services, oil and gas, and chemicals. Meanwhile, financial services, technology, and retail stocks provided positive support to the index. The VN-Index is expected to recover to the 1,250–1,255 range today.
The market remains in a short-term recovery trend, with potential to test the resistance zone at 1,255–1,260 points. Selling pressure is moderate, primarily reflecting cautious sentiment ahead of the holiday season. Sectoral divergence is increasing, particularly within industries, with large-cap stocks rotating to support the index. The short-term uptrend of the VN-Index remains intact. Investors are advised to focus on strategic stocks with medium-term growth potential, while keeping short-term trading activity moderate and avoiding over-diversification.
Investor can see the full Newsletter below:
